Leave bigger tips, for others and yourself
When you leave bigger tips, you make a small sacrifice for another’s bigger gain. When else do we set aside resources for bigger gains? Investing!
When you leave bigger tips, you make a small sacrifice for another’s bigger gain. When else do we set aside resources for bigger gains? Investing!
Maxing out your 401(k) involves contributing the maximum allowable to your workplace retirement account to increase the benefit of compounding and appreciating assets over time. All retirement plans come with contribution caps, and when you hit that limit it means youâve maxed out that particular account. There are a lot of things to consider when […]
The post Guide to Maxing Out Your 401(k) appeared first on SoFi.
Mark your calendar now so you don’t risk a fine or miss an opportunity to save.
Tax season is the perfect time to plan for your future. Here’s a thorough guide to taxes in retirement to help you.
If youâre nearing the age for Medicare eligibility, there are some things you should know about Medicare. One of those things is whether Medicare premiums are tax-deductible. You want to ensure you file your taxes correctly, but you also want ⦠Continue reading â
The post Are Medicare Premiums Tax Deductible? appeared first on SmartAsset Blog.
Planning for retirement requires us to consider not only how to build wealth but how to protect it. Employers offer 401(k)s to address the first need, but careful planning can help us ensure our money stays with us. While you canât ⦠Continue reading â
The post Can You Get a Tax Deduction for Your 401(k)? appeared first on SmartAsset Blog.
Saving money is a no-brainer. Its benefit is obvious. You have more money! Your bank account grows. Your 401(k) grows. You can retire (potentially early) and do fun things with the savings you’ve built up over time. But there’s a second, hidden benefit to saving money.
Internal Revenue Service (IRS) rules require companies with 401(k) retirement plans to identify highly compensated employees (HCEs). An HCE, according to the IRS, passes either an ownership test or a compensation test. Someone owning more than 5% of the company would qualify as an HCE, as would someone who was compensated more than $135,000 for […]
The post Understanding Highly Compensated Employees (HCEs) appeared first on SoFi.
Protecting a nest egg is tough enough. Don’t make the situation far worse.